pro-growth budget, but in the absence of that limping along on these continuing resolutions is better than having a bad budget and prevents a massive increase in spending and new taxes on capital creators, savers and vestors, the very kind of people who get this economy moving. so it s not a good thing, but it could have been worse. greta: do you hold the president accountable for the sluggishness of the economy, or what do you want hold him accountable for? you have to hold him accountable,especially now. this is the first recovery. we re four years into the recovery. first recovery in american history we haven t had at least initially a sharp upturn. we re like a car in that proverbial open highway. should be going 60, 70 miles an hour now. instead we re puttering at 20. might get it up to 30, then down to 20. what s standing in the way? the massive spending, rising taxes, and huge uncertainty coming from those enormous, thousands of new rules and regulations on obamacare. if you
thanks for joining us. let me start out with you, congress woman captor. the president at the state of the union address on tuesday will talk about jobs and the economy and no doubt the need to kick the sequestration can down the road and as well raise new revenues through close hing tax loopholes. why do you support raising more money through taxes? didn t we already just go through this a month ago? well, what is important is that we have a balanced plan. both of spending cuts and we had over 2 trillion of those already and we see that less police around the country and educational cuts going up because those are locking in but we also need those who can afford to pay more to do so and we have at the moment about $2.50 of spending cuts for every dollar in revenue and you need a balanced plan in order to keep the economy growing. we saw a sluggishness in the last quarter of 2012 simply
of sampson bowles. a person that does not advocate we raise taxes when we have this economic sluggishness. but at the end of the day, i think the framework is going to be the package that both sides will settle on because it will not only slightly raise taxes on those making 250 or $500,000, but it will, it will have a ratio of spending cuts to tax increase. karen, president obama took his message on the campaign trail, if you will, friday. clearly a different strategy from last year s debt ceiling talks when he spent a lot of time behind closed doors trying to hammer out a deal with speaker boehner. as we move closer to the end of the year, will we see the president go back to working this out with boehner or will we continue to see him out on the trail? you know, i think you re going to continue to see both.
a company, why am i going to invest without knowing what s going to happen. ezra, do you want to butt in? sure. i think bill is certainly right that we re going to see a lot of uncertainty coming out of the fiscal cliff. i don t think that sluggishness in the economy, i don t think the the reason we re not seeing more investment this year and people have tried to run the numbers on this, is because they re worried about what s going to happen in january. people are saying look, they re going to figure that out. we re seeing this every six months in congress. it s not helping anything. god knows no one thinks congress is doing a worse job than i do there. it is a national embarrass m, but we have europe happening. we re having a drought across the middle of the country, which people think is knocking off a half a gdp point. we re going to have fiscal drag next year. one thing we have a problem with in politics, we talk and politics and try to make the
their june same-store sales today. chuck, pretty disappointing, and those expectations were already pretty low. hot water. we had the tropical storm debby that didn t help and this economic sluggishness keeping people with their spending close at hand. back to you. courtney, thank you very much. check in tomorrow. it will be a big day. up next, the summer showdown on the campaign trail. so let s bring in jay mar, the boys of summer to discuss the candidates ploys of summer. see what we did there? plus, wrangrang rang was palest leader yasser arafat poisoned? if he was, who did it? first, a look ahead at the t president s schedule. as you know, busy schedule today. ohio, ohio, ohio, ohio. quick stop over in pennsylvania, but we ll see what the campaign says, how serious that stop is. you re watching the daily rundown. [ female announcer ] research suggests the health of our cells plays a key role